Tags : moves

Regulation

Another billionaire moves into crypto, but New York regulators sound

Separate instances this morning saw a billionaire embrace the crypto sector and a regulator move away from it. One steps into crypto  Dan Loeb, founder and billionaire investor of Third Point, a New York-based hedge fund, said in tweets yesterday that he was “looking into” the crypto sector and assessing the various opportunities it provided. […]Read More

Regulation

Nigeria’s central bank moves to prohibit Bitcoin and cryptocurrencies

The Central Bank of Nigeria (CBN) reminded financial service businesses that dealing with cryptocurrency is prohibited. The letter, signed by Director Bello Hassan, warned of severe regulatory sanctions for those failing to meet the directive. Hassan says monetary service providers must identify on/off ramping and immediately close accounts associated with the action. “Accordingly, all DMBs, […]Read More